Rupiah Drops 37 Points to IDR13.238 per US Dollar
Todays trade, Thursday (9/14/2017), sees the rupiah exchange rate against the US dollar dropping 37 points to IDR13,238 per US dollar.

The rupiah is traded in the range of IDR13,228 to IDR13,247 per US dollar.

The weakest level stands at IDR13.245 and strongest at IDR13.211

Binaartha Securities analyst Reza Priyambada said the rupiah exchange rate against the US dollar weakens in line with rising of US bond yields.

Nevertheless, the current rupiah weakening is still reasonable considering the significant strengthening has occurred several days earlier.

The conducive national economic fundamentals will keep the rupiahs trend of strengthening in the future, he said.

He added that world crude oil stable prices will also be a factor that helps keep commodity-based currencies such as rupiah to remain stable.

WTI crude oil price on Thursday stands at $49.21 per barrel, and Brent Crude is at $55.04 per barrel.

Source : Netral English

Sept 16, 2017


 
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  currency buy sell
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   Last Updated :23 Jan 2018 - 04:59 PM
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